Frequently Asked Questions About FBRT-PE

Where can I find FBRT-PE's financial statements?

Franklin BSP Realty Trust, Inc. (FBRT-PE)'s full income statement, balance sheet, and cash flow statement are on this page in 10-K-style line-item format. Switch between the three statements via the pill toggle above the table.

How much history is available for FBRT-PE?

Franklin BSP Realty Trust, Inc. (FBRT-PE) statements are available back to its earliest filed 10-K, typically 10+ years of annual data and 40 quarters of quarterly data. Free-tier users see 5 years and 8 quarters; full history unlocks with a Pro account.

How often does FBRT-PE update its statements?

Franklin BSP Realty Trust, Inc. files a 10-K annually (full audited year-end statements) and 10-Q reports quarterly (unaudited interim statements). New filings are typically parsed and reflected on this page within 48 hours of SEC submission.

FBRT-PE is a hybrid capital security, not common stock.

This listing is a capital note, preference share, or similar instrument associated with Franklin BSP Realty Trust, Inc. Data providers report company-level figures against it, so fundamentals, valuation multiples, and dividend history on this page describe the issuing company, not this instrument, and its market capitalization cannot be computed reliably, so it is not shown. The quoted price is the instrument's own.

FBRT-PE

Franklin BSP Realty Trust, Inc.

NYSE·REIT, Mortgage · Real Estate

$17.66$0.25−1.40%

Market closed·Oct 23 3:59 PM EDT

USD · values shown as reported

Line item	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	$221.65M+20.3%	$367.36M+65.7%	$569.53M+55.0%	$548.93M−3.6%	$555.97M+1.3%
Cost of revenue	$60.84M−13.4%	$165.71M+172.4%	$305.58M+84.4%	$338.47M+10.8%	$43.68M−87.1%
Gross profit	$160.81M+41.1%	$201.65M+25.4%	$263.95M+30.9%	$210.45M−20.3%	$512.28M+143.4%
Research & development	$0.13	$0.04−66.5%	—	—	—
General & administrative	$47.42M+20.8%	$64.17M+35.3%	$68.32M+6.5%	$58.35M−14.6%	$129.91M+122.6%
SG&A (combined)	$47.42M+20.8%	$64.17M+35.3%	$68.32M+6.5%	$58.35M−14.6%	$129.91M+122.6%
Other operating expenses	−$3.09M−119.9%	$41.52M+1,446.0%	$40.87M−1.6%	−$8.17M−120.0%	$2.00M+124.5%
Total operating expenses	$44.33M−19.1%	$105.69M+138.4%	$109.18M+3.3%	$50.17M−54.0%	$131.91M+162.9%
Operating income	$164.96M+178.8%	$52.31M−68.3%	$154.77M+195.9%	$115.41M−25.4%	$380.37M+229.6%
Interest income	$216.89M+20.6%	$357.71M+64.9%	$552.51M+54.5%	$526.08M−4.8%	$430.28M−18.2%
Interest expense	$60.84M−8.6%	$165.71M+172.4%	$305.58M+84.4%	$338.47M+10.8%	$288.33M−14.8%
Other income / (expense), net	−$149.14M−2,199.0%	−$4.37M+97.1%	−$13.01M−198.1%	−$338.47M−2,500.8%	−$292.40M+13.6%
Income before tax	$29.30M−44.4%	$13.82M−52.8%	$141.75M+926.0%	$93.52M−34.0%	$87.97M−5.9%
Income tax expense	$3.60M+274.5%	−$399.00K−111.1%	−$2.76M−591.0%	$1.12M+140.6%	$3.88M+246.8%
Net income	$25.70M−53.1%	$14.43M−43.9%	$145.22M+906.3%	$68.89M−52.6%	$82.27M+19.4%

EPS (basic)	−$0.18−120.0%	−$0.38−111.1%	$1.42+473.7%	$0.82−42.3%	$0.67−18.3%
EPS (diluted)	−$0.18−120.0%	−$0.38−111.1%	$1.42+473.7%	$0.82−42.3%	$0.64−22.0%
Weighted avg shares (basic)	86,838,418	71,628,365	82,307,970	81,846,170	81,965,156
Weighted avg shares (diluted)	86,869,462	71,628,365	82,307,970	81,846,170	86,192,595

Depreciation & amortization	$2.11M−5.6%	$5.33M+152.9%	$7.13M+33.8%	$5.63M−21.0%	$9.59M+70.4%
EBITDA	$123.23M+100.7%	$106.47M−13.6%	$161.89M+52.1%	$437.62M+170.3%	$385.89M−11.8%

Frequently Asked Questions About FBRT-PE

Where can I find FBRT-PE's financial statements?: Franklin BSP Realty Trust, Inc. (FBRT-PE)'s full income statement, balance sheet, and cash flow statement are on this page in 10-K-style line-item format. Switch between the three statements via the pill toggle above the table.
How much history is available for FBRT-PE?: Franklin BSP Realty Trust, Inc. (FBRT-PE) statements are available back to its earliest filed 10-K, typically 10+ years of annual data and 40 quarters of quarterly data. Free-tier users see 5 years and 8 quarters; full history unlocks with a Pro account.
How often does FBRT-PE update its statements?: Franklin BSP Realty Trust, Inc. files a 10-K annually (full audited year-end statements) and 10-Q reports quarterly (unaudited interim statements). New filings are typically parsed and reflected on this page within 48 hours of SEC submission.

Line item

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Trend

Revenue

$221.65M+20.3%

$367.36M+65.7%

$569.53M+55.0%

$548.93M−3.6%

$555.97M+1.3%

Cost of revenue

$60.84M−13.4%

$165.71M+172.4%

$305.58M+84.4%

$338.47M+10.8%

$43.68M−87.1%

Gross profit

$160.81M+41.1%

$201.65M+25.4%

$263.95M+30.9%

$210.45M−20.3%

$512.28M+143.4%

Research & development

$0.13

$0.04−66.5%

—

General & administrative

$47.42M+20.8%

$64.17M+35.3%

$68.32M+6.5%

$58.35M−14.6%

$129.91M+122.6%

SG&A (combined)

$47.42M+20.8%

$64.17M+35.3%

$68.32M+6.5%

$58.35M−14.6%

$129.91M+122.6%

Other operating expenses

−$3.09M−119.9%

$41.52M+1,446.0%

$40.87M−1.6%

−$8.17M−120.0%

$2.00M+124.5%

Total operating expenses

$44.33M−19.1%

$105.69M+138.4%

$109.18M+3.3%

$50.17M−54.0%

$131.91M+162.9%

Operating income

$164.96M+178.8%

$52.31M−68.3%

$154.77M+195.9%

$115.41M−25.4%

$380.37M+229.6%

Interest income

$216.89M+20.6%

$357.71M+64.9%

$552.51M+54.5%

$526.08M−4.8%

$430.28M−18.2%

Interest expense

$60.84M−8.6%

$165.71M+172.4%

$305.58M+84.4%

$338.47M+10.8%

$288.33M−14.8%

Other income / (expense), net

−$149.14M−2,199.0%

−$4.37M+97.1%

−$13.01M−198.1%

−$338.47M−2,500.8%

−$292.40M+13.6%

Income before tax

$29.30M−44.4%

$13.82M−52.8%

$141.75M+926.0%

$93.52M−34.0%

$87.97M−5.9%

Income tax expense

$3.60M+274.5%

−$399.00K−111.1%

−$2.76M−591.0%

$1.12M+140.6%

$3.88M+246.8%

Net income

$25.70M−53.1%

$14.43M−43.9%

$145.22M+906.3%

$68.89M−52.6%

$82.27M+19.4%

EPS (basic)

−$0.18−120.0%

−$0.38−111.1%

$1.42+473.7%

$0.82−42.3%

$0.67−18.3%

EPS (diluted)

−$0.18−120.0%

−$0.38−111.1%

$1.42+473.7%

$0.82−42.3%

$0.64−22.0%

Weighted avg shares (basic)

86,838,418

71,628,365

82,307,970

81,846,170

81,965,156

Weighted avg shares (diluted)

86,869,462

71,628,365

82,307,970

81,846,170

86,192,595

Depreciation & amortization

$2.11M−5.6%

$5.33M+152.9%

$7.13M+33.8%

$5.63M−21.0%

$9.59M+70.4%

EBITDA

$123.23M+100.7%

$106.47M−13.6%

$161.89M+52.1%

$437.62M+170.3%

$385.89M−11.8%